The Erpenbeck Co.'s fall has left in doubt what might happen to housing and condo projects that have been started but not finished. One possibility is that other builders will take over those projects. An exceptionally basic issue confronted while you think conveyancing is all straightforward, is that of a precarious purchaser. Presently here's a purchaser who isn't arranged for a settlement yet.

Greater Cincinnati's two largest homebuilders - Fischer Homes and the Drees Co. - said Friday they'd be interested in building on any empty Erpenbeck lots made available - but only if they are free of encumbrances. Bob Hawksley, president of Fischer Homes, said most builders wouldn't be interested in finishing Erpenbeck homes because they couldn't know the quality of the work that had been performed. The fascinating thing that most lawful compare conveyacing solicitors in brisbane administrations suppliers frequently bring up is that absolutely never think you are the one and only out of the two depending on banks to sell your obligations.
Although the financial problems at Erpenbeck Co . are just coming to light, money could have been an issue at the troubled homebuilder more than five years ago.
The company is now facing at least $15 million in lawsuits from dozens of subcontractors, ban ks and homeowners, but the first of a string of lawsuits alleging nonpayment was filed in mid-1999. In the midst of a 10-year homebuying boom in Greater Cincinnati, the company claimed the mark et for single-family homes was drying up, causing it to change plans on at least one of its developments. The purchasing party is additionally sitting tight for their bank to concede them a home loan. So by and large the purchaser is as yet holding up to get a nod from his bank to finish his home loan reports.
And while it may not have been the root of the financial problems, the Erpenbeck family and t he building company itself took a hit in 1995 when the former Ben Mar Investments Inc. failed, costing hundreds of people about $12 million.
Court records show the Erpenbeck Co. had $124,553 invested in Ben Mar. But Bill Erpenbeck, th e former company president who is now at the center of an FBI investigation, had $721,270 invested. Brother Jeff, who has taken over the family company, had $120,832 invested, court records show. This is a situation where you require a conveyancer to advices you on fundamental moves to make, punishment interest, and so forth by advising you about your rights and what move ought to be made next. Nearby lawyers like to pass on the idea that "limited Know how" matters a great deal.
The Erpenbeck family, including Bill and Jeff's investments, had a total of about $2 millio n invested in Ben Mar. The records don't indicate how much of that money was lost.
The FBI says it it is investigating claims that Bill Erpenbeck, who resigned last month as pr esident of Erpenbeck Co., was depositing checks made out to banks into Erpenbeck accounts.